05-09-2021, 11:00 PM | #683 |
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I got a quote today for 1417 per month with 3K down for 82K car. I guess sets the record for lease rip off
do some dealers think folks are really stupid or there are some folks who actually pay these figures ?
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05-09-2021, 11:15 PM | #684 | |
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What's the MF and sale price? |
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05-09-2021, 11:56 PM | #685 |
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Did the dealer at least have the decency to offer you some lube when they presented that price?
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05-10-2021, 12:00 AM | #686 |
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I didn't bother to ask. even with tax it's absurd
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05-10-2021, 12:02 AM | #687 |
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his decency was limited to claiming that he is waiving the 10K markup on the car....
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05-10-2021, 12:04 AM | #688 |
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my current car lease is 1090 with tax on a 86K car with 0 down and that was back in 2018 with higher interest rates
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05-10-2021, 12:05 AM | #689 |
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05-10-2021, 12:11 AM | #690 |
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36 months 10K per year. 46K residual I have to look up the documents for MF.
my car has <20K miles and sells mid 50's easily so this dishonest dealer had also dreamed of making 10K in my trade-in.. wafting for a hopefully more reasonable quote from my regular dealer. I will spell out the first dealer so folks in my area wouldn't waste their time with the guy.
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05-10-2021, 08:22 AM | #692 |
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05-10-2021, 08:33 AM | #693 |
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05-10-2021, 09:40 AM | #694 | |
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You don't even deal with him anymore and you goto a new dealership or request someone else. |
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05-10-2021, 10:30 AM | #695 |
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05-11-2021, 05:41 AM | #697 |
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05-11-2021, 08:05 AM | #698 |
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That's a lot to put down on a lease. Certainly seems they're going the classic cap reduction route to make payment attractive.
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05-11-2021, 08:10 AM | #699 |
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Definitely not a good deal.
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05-11-2021, 08:12 AM | #700 |
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It's not necessarily a bad idea, just one with a few more risks. It all depends on the person's long term plan. Everybody's primary concern is crashing and losing money. That would be a concern regardless, so I don't know why people focus so much on that.
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05-11-2021, 08:19 AM | #701 | |
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If you crash a leased car, insurance pays the leasing company. Money down on a lease is significantly riskier than money down on a financed purchase. |
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05-11-2021, 08:26 AM | #702 |
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Very rarely is anybody paying for a car in cash, so you don't own anything if you're financing (...until it is paid off). If you crash a car that you financed, that money doesn't go to you, it'll go to the lender. It's a monetary loss regardless if you crash a brand new car. Leased or financed, you could still end up upside down in the event of an early crash......therein lies GAP insurance.
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05-11-2021, 08:47 AM | #703 |
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If I got offered some of these deals I'd go full on GySgt Hartman from Full Metal Jacket: "I bet you're the kind of guy that would f**k a person in the @$$ not even have the goddamn common courtesy to give him a reach-around".
These prices are nauseating. We pay only a few hundred more than some of these quotes (date I say "deals") and right at or near others for a 2021 X5MC. Granted (a) it was ordered when the MF was .00082 and (b) we got 11% off an ordered car, but still. Holy Moly Donut Shop! We are (weirdly) cross shopping the M4, which Mrs. Malibu LOVES btw with some other buggies, but selling her car in a month or two when we are closer to lease end, pocketing her car payment for a year or so and waiting 12-18 months for that Porsche 911 Targa allocation is looking better and better.
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05-11-2021, 08:55 AM | #704 | |
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